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Strategies & Market Trends : DAYTRADING Fundamentals
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To: cloudless who wrote (5930)12/10/1999 5:12:00 PM
From: TraderAlan  Read Replies (1) of 18137
 
cloudless,

<Constructive input is appreciated>

Here's one: don't count on LII for anything more than very short term input on market direction. Unless you know the major swing levels, it won't show you what's going to happen 3-5 minutes in the future.

Here another: indicators at the intraday level are subject to major violations. Experienced traders can read these breaks and understand them but most surface-level TA types will be fooled. It's best to learn exactly how and why indicators do what they do so you can ignore them or adjust your signals to take this noise into account.

IOW the market is never so simple as to let you buy-sell successfully over time if your behavior is based solely on a crossover or crosspoint.

Alan
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